GoviEx Uranium (CVE:GXU) Trading 11.1% Higher – Here’s Why

GoviEx Uranium Inc. (CVE:GXU) rose 11.1% during trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.05. Approximately 1,108,621 shares changed hands during trading, a decline of 36% from the average daily volume of 1,724,781 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Performance

The company’s fifty day moving average price is C$0.05 and its two-hundred day moving average price is C$0.06. The firm has a market capitalization of C$25.00 million, a PE ratio of -0.36 and a beta of 1.50.

GoviEx Uranium Company Profile

GoviEx Uranium Inc, a mineral resources company, engages in the acquisition, exploration, and development of uranium properties in Africa. The company's principal asset is the Madaouela project which holds 80% interest located in north-central Niger. It also owns 100% interest in the Muntanga project that consists of 3 mining licenses situated to the south of Lusaka, Zambia; and the Falea project, which consists of three exploration licenses located in Mali.